TaxMama.Com
Ask TaxMama.Com
Tax Information With A Mother's Touch
line
Published by Eva Rosenberg, MBA, EA

Volume 6, Issue 289       December 24, 2004
Home Ask TaxMama Subscribe Ask TaxMamas Secrets
For Tax Pros Gift Shop Relax FAQs Contact Us Site Search
This Week's Issue
arrow Year-End Tax Tips
arrow Canadian Drugs
 
TaxMama's Resources and Specials
 
IRS News
arrow Sales Tax Tables
arrow Health Savings Accounts
arrow Home Refinancing
arrow Communting Mileage
 
Money Funnies
arrow The Survivors
 
Investment Secrets
Tootin` Her Own Horn
Free Workshops
Previous Issues
Our Privacy Policy

printer friendly version

Canadian Drugs

We're hearing a lot about people getting drugs offshore in Canada or Mexico because they are so much cheaper than drugs in the US.

For many people, being able to buy the less costly drugs may mean they get to live another month. But, it's illegal.

Got that. In this land of the free and free-trade, and with our right to life, liberty and pursuit of happiness, our rights are hampered because of corporate profits.

The administration is dead set against allowing Americans to shop outside our borders because of safety considerations.

So, let's see, the drugs are safe enough for Canadians to use, but Americans might die? You lost me on this one?

And who the heck ever said we can't shop anywhere we darn well please in the free world? What idiot came up with that concept.

The IRS Regulations - Reg. 1.213-1 has decreed that it is illegal to take the cost of those medications as medical deductions on your tax returns.

Not only that, but the costs of those drugs may not be reimbursed by your Flexible Spending Account.

Frankly, I think it is restraint of our freedom. This sounds unconstitutional to me. But, hey, what do I know? I'm only a poor taxpayer.

And if it were me, and I needed to get treatment, and the best place to get it, or the only place I could afford, is out of the country - I'd get the treatment and fight for the tax deduction later.

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits

TaxMama's Secrets line


 
 
Library of Congress - 
ISSN 1532-0790
Copyright © 2000-2007 -
Eva Rosenberg
Subscribe | Ask TaxMama ~ Send Her Your Questions | Site Search
Home | This Week's Issue | Articles by TaxMama | For Tax Pros
Investment Secrets | IRS News | Smart Tax Moves | Critical Dates
Using Money Wisely | Money Funnies & Inspiration | Because We Care
About TaxMama | Our Privacy Policy | Legalese and Disclaimer | Press Page
Serenata Design
Site design by Serenata Design.